Rouen (AFP)
The Rouen commercial court on Thursday validated a takeover offer from Remade (refurbished smartphones), which involves cutting 211 jobs out of 328.
The court orders the "total transfer of the assets" of Remade SAS and Remade Group to the British company Forth Wave Technology, created in 2019 by Suresh Radhakrishnan, and authorizes the dismissal of 211 people, according to the two judgments concerning these two companies.
The Briton puts 3.3 million euros on the table.
The Remade group, based in Poilley (Manche), near Mont-Saint-Michel, and launched in 2014, had reached a workforce of 680 people in 2019 before being placed with its subsidiaries in receivership at the end of September.
Two offers were examined by the court at a hearing on January 9.
That of its former CEO and founder Matthieu Millet, who proposed for 1.3 million euros to take over 142 employees, is therefore rejected. The prosecution "expressed serious doubts about the sustainability criterion and the problems of legal admissibility of this offer", according to the court.
The Social and Economic Committee (CSE) had issued a favorable opinion, despite some reservations, to the British offer validated by the court, according to CSE lawyer Thomas Hollande who did not wish to mention Mr. Millet's offer.
The latter has in the past been prohibited from managing several other businesses. Following a "report from a court administrator", Remade is also the subject of a preliminary investigation by the Rennes prosecution for false balance and false invoices. A group of capital investors in Remade filed a complaint.
© 2020 AFP